This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Emclaire Financial Corp. Reports Increased Third Quarter And Year To Date 2010 Earnings

EMLENTON, Pa., Oct. 28, 2010 (GLOBE NEWSWIRE) -- Emclaire Financial Corp. (Nasdaq:EMCF), the parent company of The Farmers National Bank of Emlenton, reported consolidated net income available to common shareholders of $863,000 or $0.59 per common share for the three months ended September 30, 2010, compared to a net loss of ($108,000) or ($0.08) per common share for the same quarter in the prior year.

Net income available to common shareholders was $2.2 million or $1.52 per common share for the nine months ended September 30, 2010, compared to $773,000 or $0.54 per common share for the nine months ended September 30, 2009. The Corporation realized an annualized return on average common equity of 9.43% for the current nine months ended September 30, 2010, compared to 3.62% for the same period in 2009.

During the nine month period ended September 30, 2010, total assets increased $10.0 million or 2.1% to $477.6 million at September 30, 2010 from $467.5 million at December 31, 2009. This asset growth was driven by an increase in securities of $24.3 million or 23.1%, funded by an increase in customer deposits of $18.3 million or 4.8% and a decrease in cash and equivalents of $18.6 million or 47.6%, partially offset by a decrease in borrowed funds of $10.0 million or 25.0%, due to the prepayment of certain long-term borrowings.

Stockholders' equity increased $3.5 million to $40.6 million at September 30, 2010 compared to $37.0 million at December 31, 2009. The Corporation remains well capitalized and is positioned for continued growth with total stockholders' equity at 8.5% of total assets. Book value and tangible book value per common share amounted to $22.67 and $18.69, respectively, at September 30, 2010. Tangible book value per share increased $2.37 per common share or 14.5% to $18.69 per share at September 30, 2010 from $16.32 per share at December 31, 2009.

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,714.83 +253.51 1.54%
S&P 500 1,951.02 +23.91 1.24%
NASDAQ 4,448.00 +65.1530 1.49%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs